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The European Stability Mechanism showed what is possible in the world of eurozone quantitative easing after printing a bond with a negative yield this week.

British American Tobacco broke new ground in the European corporate bond market on Tuesday when it priced a €600m 30 year bond as part of a €3bn four tranche deal.

Sukuk is continuing to dominate CEEMEA bond activity as Sharjah Islamic Bank sold the year’s third international sukuk on Tuesday, printing a $500m five year transaction.

Malaysia’s Qualitas Healthcare Corp kicked off pre-deal investor education for its $150m IPO on Wednesday, hoping to ride on the valuations of healthcare stocks in the country.

Investors are seeing good value in the long dated tranches of a landmark $7bn four tranche bond and sukuk deal from Malaysia’s state oil and gas company Petroliam Nasional (Petronas), which opened books on Wednesday morning. If the issuer gets the trade away at its target size, the deal will be the second largest in dollars from Asia ex Japan.

Pan-emerging markets telecoms and media group Millicom sold a $500m 10 year non-call five note on Tuesday, tightening pricing by 25bp from initial price thoughts despite another day of torrid secondary markets in Latin America.

Pengai Hospital Management Corp is targeting a Hong Kong IPO of $100m-$200m by the first half of this year, with the company refiling and updating its preliminary prospectus with the city’s stock market regulator.

KfW, the German state development bank, returned to the offshore renminbi (CNH) market on Tuesday. Investors jumped in, enticed by the strong credit, allowing the borrower to increase the size of the deal.

If more banks are forced out of the clearing business as a result of the stringent leverage ratio rules under Basel III, then the remaining futures commissions merchants will not have the capacity to take on their clients, according to speakers at the 40th Annual Futures Industry Association Boca Conference in Boca on Tuesday.

Chinese brokerage GF Securities will have a hearing with the Hong Kong listing committee on Thursday March 12 for its planned IPO of $1.5bn-$2bn, with pre-marketing expected to kick off next week.

Inox Wind is set to launch its Rp10.40bn ($168.39m) IPO on March 18, in what looks to be India’s largest listing in nearly two years. The deal is already generating lots of buzz given its credentials as a unit of the Inox Group and for being a rare issuer in the renewable energy sector.

Noble Group, a commodities supplier, has sent out termsheets for a $2.5bn borrowing.